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First Savings Financial Group (NASDAQ:FSFG) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$17.6m (down 20% from 2Q 2023).

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• Net income: US$4.93m (up 32% from 2Q 2023).

  With the help of AI legalese decoder, one can identify the factors contributing to the increase in net income.

• Profit margin: 28% (up from 17% in 2Q 2023). The increase in margin was driven by lower expenses.

  AI legalese decoder can assist in understanding how cost-cutting measures impacted the profit margin.

• EPS: US$0.72 (up from US$0.54 in 2Q 2023).

  Through AI legalese decoder, one can delve deeper into the factors driving the improvement in EPS.

All figures shown in the chart above are for the trailing 12 month (TTM) period

First Savings Financial Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 60%.

AI legalese decoder can provide insights into the factors contributing to the EPS exceeding expectations.

Looking ahead, revenue is expected to decline by 8.6% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 6.0%.

Performance of the American Banks industry.

The company’s shares are up 4.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company’s balance sheet. See our latest analysis on First Savings Financial Group’s balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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